2020 has been a year like no other and it is probably safe to say that almost every business across the globe is looking for some ways to cut costs. Now is the time for companies to take a look at their expenses and see where they can save.
A lot of the time, this means tech stacks need to be reduced. The thought of reducing your tech stack can be stressful. What tools should you keep and what should you cut?
Let’s take a look at five ways businesses can reduce their stack while still keeping their favorite tools.
Pinpoint needs versus wants
Pinpointing needs vs. wants can also help you determine how important the bigger tools that you are paying a lot for really are. You may be paying for a larger solution with extra add-ons you may not even be using.
By pinpointing needs vs. wants, you’ll find ways to remove potentially frivilous tools or replace high-priced solutions with lower-priced tools.
Decrease the number of seats you are paying for
When you pay for software, you typically pay per seat. Make a list of the users you are paying for and reach out to see if they are actually using the software you are paying for.
If the employees aren’t using the software, cut your number of seats.
You can also ask your sales rep at the software you are using if they are willing to give you a deal on the number of seats you currently have. There may be some Covid offers that you can benefit from.
Streamline Your Tools
With so many different tools that offer very similar functions, it’s not unusual to find a company that uses multiple tools when they really only need one.
Confirm You are Automating Everything
While saving money is important, so is saving time. Are the tools you are paying for helping you automate everything they can? With FrontSpin, SDRs, BDRs, and AEs are able to automate their calls, emails, and social touches with cadence playbooks. Along with being a power dialer, the sales automation process is streamlined.
When you outsource your SDR team, you significantly reduce in-house hiring and training costs. The hiring process is simplified and you are able to keep new employee costs down. Every time you hire a new SDR, you are spending between $6,000-$10,000 a month for payroll, infrastructure, and benefits. When you outsource, you can reduce that down to $2,490 a year.
When CloudTask first started working FrontSpin, they had 40 reps using five different systems. They have since grown to over 85 reps all using FrontSpin. This means as an outsourcer, they can control training, the tech stack, reporting, and onboarding. They only have one database environment to manage, no longer have a need for additional phone hardware, and also decreased operational vendor costs.
Interested in taking us for a spin?
We all know all the actions you go through when deciding to add a new tool to your tech stack. You do your research, read the reviews, and try it out with a free trial or demo.
Tech makes our life easier. It is designed to make to relieve some of the stress of our day-to-day tasks but if you are paying too much, it won’t relieve much stress. If you are feeling overwhelmed, follow the five steps we outlined above to see where you can reduce costs and still streamline your daily tasks.